審查的一周：隨著宏觀經濟狀況的變化，比特幣和以太坊領導了費用

一周開始時，股票和加密貨幣市場都慢慢磨損，這只是上一周的價格行動的延續。但是隨著日子的發展，情況發生了變化。本週下半年帶來了更強大的看漲行動，因為宏觀經濟狀況變化略有好。

The week began with a slow grind lower in both equities and crypto markets simply a continuation of the prior week's price action. But as the days went on, things shifted. The latter half of the week brought stronger bullish action as macroeconomic conditions turned slightly more favorable.

一周開始，股票和加密貨幣市場的磨損較慢，只是上一周的價格行動的延續。但是隨著日子的發展，情況發生了變化。本週下半年帶來了更強大的看漲行動，因為宏觀經濟狀況變化略有好。

The total crypto market cap rose by 4.49%, moving from $2.739 trillion to $2.862 trillion. Altcoins finally showed some renewed interest, riding alongside Bitcoin's strength.

加密貨幣總額增長了4.49％，從2.739萬億美元轉移到2.862萬億美元。 Altcoins終於表現出了一些新的興趣，與比特幣的實力一起騎行。

Bitcoin and Ethereum Lead the Charge

比特幣和以太坊領導

Bitcoin (BTC) ended the week up by 3.82%. However, the real surprise came from Ethereum (ETH), which outperformed with an impressive 6.44% gain from the previous week.

比特幣（BTC）在本週結束3.82％。但是，真正的驚喜來自以太坊（ETH），比上週比上一周的收益超過6.44％。

Daily liquidations stayed mostly muted, rarely crossing $250 million. The only notable spike occurred on the 19th of March when $259 million worth of shorts were wiped out after the initial reaction to the FOMC.

每日清算大部分都靜音，很少超過2.5億美元。唯一值得注意的釘發生在3月19日，當時價值2.59億美元的短褲在對FOMC的最初反應後被淘汰。

Funding rates remained largely directionless, hovering in the low positive range. Yet, some rates stayed negative a reminder that the market still holds a risk-off stance toward altcoins.

資金率基本上是無方向性的，徘徊在低正範圍內。然而，有些利率保持負面，提醒人們，市場仍然對山寨幣保持著冒險的立場。

Major Headlines: Saylor's Strategy and Solana ETFs

主要頭條：Saylor的策略和Solana ETF

There was no shortage of big headlines this week. Saylor's Strategy (previously MicroStrategy) announced Strife (STRF), a new $5 million perpetual preferred stock offering that will accumulate dividends at 10% per annum.

本週不乏大頭條新聞。 Saylor的策略（以前的MicroStrategy）宣布了Frife（Strf），這是一種新的500萬美元永久優先股，將以每年10％的股息積累股息。

On top of that, Strategy acquired 130 BTC for $10.7 million at an average price of $82,981 per Bitcoin one of their smallest purchases to date.

最重要的是，策略以1,070萬美元的價格以每比特幣為82,981美元的平均價格收購了130萬美元，這是他們迄今為止最小的購買之一。

Another major milestone was achieved with the launch of two Solana futures ETFs by Volatility Shares LLC in the US. These are the first of their kind and mirror existing products like BITX and BITO for Bitcoin.

通過波動性股份有限責任公司在美國推出了兩個Solana Futures ETF實現了另一個主要的里程碑。這些是同類產品中的第一個，也是現有的產品，例如比特幣的Bitx和Bito。

Macroeconomics Take Center Stage

宏觀經濟學成為中心舞台

This week's market performance was closely tied to macroeconomic events. The crypto market largely mirrored the action in traditional markets. A dovish FOMC led to a strong pump across both equities and crypto. While crypto markets did not quite see solid follow-through as much of the market was still nervous.

本週的市場表現與宏觀經濟事件緊密相關。加密市場在很大程度上反映了傳統市場的行動。骯髒的FOMC導致了股票和加密貨幣的強大泵。儘管加密市場並沒有完全看到穩固的跟進，因為大部分市場仍然很緊張。

The S&P 500 gained 1.66% on the week, and the Nasdaq lagged slightly with a 1.15% gain.

標準普爾500指數在本週上漲了1.66％，納斯達克略微落後1.15％。

Bitcoin dominance dipped slightly this week, falling by over 0.4% to 61.43%. This shift reflected traders' willingness to bid on altcoins once again.

本週比特幣優勢略有下降，下降了0.4％以上，至61.43％。這種轉變反映了交易者再次競標AltCoins的意願。

Among the outperformers were DeFi tokens like LayerZero (ZRO), Frax Share (FXS), and Pendle (PENDLE). Even memecoins like Fartcoin (FARTCOIN) and SPX6900 (SPX) showed surprising strength. Other notable gainers included Plume Network (PLUME) and PancakeSwap (CAKE).

在貴族中，諸如layerzero（Zro），Frax共享（FXS）和Pendle（Pendle）之類的Defi令牌。即使是諸如Fartcoin（Fartcoin）和SPX6900（SPX）之類的成員也具有令人驚訝的強度。其他值得注意的獲利者包括羽流網絡（羽流）和煎餅瓦普（蛋糕）。

Why This Matters

為什麼這很重要

The focus has once again shifted to interest rates and inflation. The FOMC's decision to leave rates unchanged, alongside expectations of two rate cuts worth 50 bps this year, was well-received.

重點再次轉移到利率和通貨膨脹上。 FOMC決定保持不變的決定，以及對今年價值50個基點的兩項削減稅率的期望，也是受歡迎的。

The Fed's slower pace of balance sheet reduction added fuel to the rally. Yet, market participants remain cautious, especially with tariffs taking effect on April 2nd something that markets seem to be ignoring for now. Jerome Powell's comments calling tariff-driven inflation "transitory" add another layer of uncertainty.

美聯儲的資產負債表減少速度較慢，為拉力賽增加了燃料。然而，市場參與者仍然謹慎，尤其是在4月2日生效的關稅目前似乎忽略了。杰羅姆·鮑威爾（Jerome Powell）稱關稅驅動的通貨膨脹為“暫時性”的評論增加了另一層不確定性。

All eyes are now on how the markets will react in the coming week. Will caution continue to dominate, or will we see risk-on sentiment return in full force?

現在，所有人都關注市場在未來一周的反應。謹慎會繼續統治，還是我們會看到全力以赴的風險返回？